Brief: Parke Bank announces deal to sell SBA subsidiary

Parke Bancorp

30/10/2015 12:00

Oct 30 (Reuters) - Parke Bancorp Inc  PKBK.O : 
 * Parke bank announces agreement to sell SBA subsidiary 
 * Says under the agreement, Berkshire has agreed to purchase the assets of 44bc 
 * Says Berkshire has agreed to purchase approximately $38.4 million in sba 
   loans held as loans by Parke Bank 
 * Says Berkshire has agreed to pay Parke Bank to purchase certain servicing 
   rights for specified sba loans 
 
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